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Montevideo, MN Real Estate


According to census data in the year 2000 there were 2,548 housing units in Montevideo. This represents a 0.9% growth from 2,525 in 1990.

Of those housing units, 2,479 were located in either urbanized areas or urban clusters, and 69 were located in what is classified as a rural area.

Homeownership rate in Montevideo is about 71%. Montevideo's vacancy rate, including seasonal lodging, is about 7.7%. Average household size is 2.24 people.

The majority of houses, apartments or condos in Montevideo were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom12.40%
Two Bedrooms34.50%
Three Bedrooms36.60%
Four Bedrooms12.80%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1951
Median Value of occupied units$62,500
Median Price asked for vacant units$47,100

Rented Homes, Apartments and Condos

Average Household Size1.72
Median year structure was built1971
Median Monthly Rent asked for vacant units$377

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage5.90%
Home Equity Loan9.10%
Simple Mortgage45.50%
Debt Free38.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%